TL;DR Breakdown JPMorgan Chase, a giant in the banking sector, has sealed off the bank accounts of a crypto mining firm.The firm named Compass Mining has been blocked from accessing its bank account at JPMorgan Chase.The news came to light when the CEO of Compass Mining gave a statement regarding the matter on Twitter. Twitter has long been a battleground for crypto supporters where they express their views regarding various policies and events. The recent event in the crypto market came to light when the bank account of a crypto mining firm was blocked by the banking giant JPMorgan Chase. The CEO of the crypto mining firm took to Twitter to comment about the situation. After this tweet, the banking giant faced a lot of heat and backlash from Twitter users claiming to have received similar treatment and stating their preference to switch to a better option if possible. Shoutout to @Chase for shutting down @compass_mining accounts for doing our part to replace the old guard with self-sovereign, future-focused supporters of hard money.Get behind #Bitcoin or get out of our way — Whit Gibbs (@BitcoinBroski) August 18, 2021 Whit Gibbs, the CEO of the crypto mining firm asked JPMorgan Chase to either “get behind Bitcoin or get out of our way.” JPMorgan’s stance on the crypto mining firm JPMorgan has completely closed off access to the account of Compass Mining. The CEO of the firm revealed this in reply to...
